The Nigerian Electricity Regulatory Commission (NERC) in Abuja on Wednesday agreed to partner Energy Commission of Nigeria (ECN) on energy to develop the power sector.
Tony Akah, Acting Head of NERC, while on a courtesy visit to ECN, said the visit was to recognise the commission as a strategic partner in moving the power industry forward.
Akah said that it was because of the ECN policy and research experience in the energy industry that NERC deemed it very essential to visit the commission.
He said that the visit was to reinforce NERC’s objective of ensuring that there was an adequate supply of electricity to Nigerians.
He explained that this was to support President Muhammad Buhari’s administration quest to develop the sector.
Akah said the president’s desire could only be achieved when all stakeholders worked in partnership, shared experiences in mutually beneficial areas of comparative advantage.
According to him, both organisations in the past have held workshops together in areas, such as energy efficiency, rural electrification and renewable energy.
``We recognise the wealth of experience and research capacity of ECN in areas, such as renewable energy, electricity supply system expansion planning and energy efficiency through demand side management.
``These are important to the regulatory functions of NERC and we are therefore ready to collaborate with ECN to take advantage of its experience in this regard,’’ he said.
Akah listed energy efficiency standards and labelling programmes as areas NERC wanted to partner with ECN.
He said NERC was prepared for an integrated resource plan for electricity that would provide information for investors on electricity demand and supply profile.
The official added that NERC had access to electricity data from licensees which was useful for ECN on its power policies.
He listed promotion of competition, fair market practices, protection of electricity consumers, cost recovery, adequate return on investment, best practices in power and service delivery as the mandate of NERC.
Earlier, Prof. Eli Jidere-Bala, the Director-General of ECN, assured the management of NERC that ECN was ready to cooperate with any organisation to develop the sector.
He expressed happiness over the visit and said ECN would do its best to NERC in its endeavour to fast-track power development.